This is a short term facility targeted at salaried clientele. It’s meant to meet short term needs such as emergencies, medical bills, school fees etc.
This is a check-off facility targeted at salaried clientele.
It’s both short and long term advance and mostly for development purposes but can also be used to cater for short term needs such as school fees.
- The driving factor/unique selling point of this type of loan product is that it leverages the underlying value of the said asset as the main source of security for the loan. This is achieved by way of bank ownership over the asset financed.
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